Brief: Enento Group Q1 Adjusted EBITDA Up At EUR 13.9 Mln

Enento Oyj

29/04/2021 10:04

April 29 (Reuters) - Enento Group Plc  ENENTO.HE :
    * QUARTERLY EARNINGS PER SHARE 0.27 EUR VERSUS 0.23 EUR YEAR
AGO
    * REG-ENENTO GROUP’S INTERIM RELEASE 1.1. – 31.3.2021: NET
SALES
GROWTH WAS SUPPORTED BY NEW SERVICES AND A BUSINESS MODEL THAT
ADAPTS WELL TO EXCEPTIONAL CIRCUMSTANCES
    * Q1 NET SALES AMOUNTED TO EUR 39,7 MILLION (EUR 37,6
MILLION), AN
INCREASE OF 5,4 % (AT COMPARABLE EXCHANGE RATES AN INCREASE OF
2,4 %)
    * Q1 NET SALES AMOUNTED TO EUR 39,7 MILLION (EUR 37,6
MILLION), AN
INCREASE OF 5,4 % (AT COMPARABLE EXCHANGE RATES AN INCREASE OF
2,4 %).
    * Q1 ADJUSTED EBITDA EXCLUDING ITEMS AFFECTING COMPARABILITY
WAS
EUR 13,9 MILLION (EUR 12,4 MILLION),
    * ENENTO GROUP EXPECTS ITS NET SALES GROWTH IN 2021 TO BE IN
LONG-TERM TARGET RANGE (5-10%) BUT SOMEWHAT LOWER THAN MID-POINT
OF TARGET RANGE.
    * ENENTO GROUP EXPECTS ITS ADJUSTED EBITDA MARGIN TO IMPROVE
SOMEWHAT IN 2021 COMPARED TO PREVIOUS YEAR.
    * CAPITAL EXPENDITURE: ENENTO GROUP EXPECTS ITS CAPITALISED
PRODUCT DEVELOPMENT AND SOFTWARE EXPENSES IN 2021 TO EXCEED
PREVIOUS YEAR'S LEVEL.
    * OUTLOOK IS BASED ON ASSUMPTION THAT EXCHANGE RATES REMAIN
AT
CURRENT LEVEL.

Source text for Eikon:  ID:nGNE7QFWn7 
Further company coverage:  ENENTO.HE 

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